Property returns halve on softer market
Thursday, June 25, 2015
The office market has seen vacancy rates rising due to over supply. PIC: KAGISO ONKATSWITSE
According to the IPD Annual Property Consultative Index released yesterday, the total return was underpinned by a relatively stable income return of 9.4 percent while capital growth slowed significantly to 2.0 percent from 10.2 percent the year before.
Total returns represent and aggregation of income plus capital growth with the former reflecting increase in rentals while the latter denotes revaluations of properties.
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